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Rice Acctg Ch1 Set3
Maplewood Rice Acctg Ch 1 Set 3
Question | Answer |
---|---|
Business Ethics | The use of ethics in making business decisions. |
Transaction | A business activity that changes assets, liabilities, or owner’s equity. |
Account | A record summarizing all the information pertaining to a single item in the accounting equation. |
Account Title | The name given to an account. |
Account Balance | The amount in an account. |